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PAPER CONVERTERS LOCAL 286/1034 FEDERAL CREDIT UNION

Jun, 30, 2021 — PAPER CONVERTERS LOCAL 286/1034 FEDERAL CREDIT UNION is a federal credit union headquartered in PHILADELPHIA, PA with 1 branch location and about $1.82 million in total assets. Opened 42 years ago in 1979, PAPER CONVERTERS LOCAL 286/1034 FEDERAL CREDIT UNION has about 2,241 members and employs 3 full and part-time employees offering various banking and financial related services such as Checking & Savings accounts, ATM/Debit Card Program and more.


Name:PAPER CONVERTERS LOCAL 286/1034 FEDERAL CREDIT UNION
Address:
(Main Office)
410 N 8TH ST
PHILADELPHIA, PA 19123-3903
Phone:(215) 829-9212
Fax:(215) 829-9041
Website:n/a
Branches:1 branch locations
Members:2,241
Credit Union Type:Federal Credit Union
Charter Number:23556
Membership Type:Associational - Other than religious or fraternal, or 'low-income'
Corporate Credit Union:No
Year Opened:1979
Last Audited:Jun 01, 2020
FHLB Member:No
Low Income Designation:No
Assets:$1,819,406
CEO/Manager:Yolanda Greene
Chairperson:Carlo Simone, III

Call Report

Financial Summary

» See also Statement of Financial Condition
ASSETS:$ Amount
Cash & Equivalents 935,982
TOTAL INVESTMENTS 164,865
Loans Held for Sale 0
 
 Real Estate Loans 0
 Unsecured Loans 588,575
 Other Loans 15,016
 TOTAL LOANS 603,591
 (Allowance for Loan & Lease Losses or Allowance for Credit Losses on Loans & Leases) -17,618
 Land And Building 0
 Other Fixed Assets 0
 NCUSIF Deposit 14,946
 All Other Assets 117,640
  TOTAL ASSETS 1,819,406
LIABILITIES & CAPITAL:  
 Dividends Payable 0
 Notes & Interest Payable 0
 Accounts Payable & Other Liabilities 129,185
 Uninsured Secondary Capital and Subordinated Debt Included in Net Worth 0
 Share Drafts 0
 Regular shares 1,555,180
 All Other Shares & Deposits 0
  TOTAL SHARES & DEPOSITS 1,555,180
  TOTAL LIABILITIES 1,684,365
 Regular Reserve 54,910
 Other Reserves 0
 Undivided Earnings 80,131
  TOTAL EQUITY 135,041
  TOTAL LIABILITIES, SHARES, & EQUITY 1,819,406
INCOME & EXPENSE  
 Loan Income 32,720
 Investment Income 2,793
 Other Income 4,987
 Total Employee Compensation & Benefits 42,927
 NCUSIF Premiums Expense 1,510
 Total Other Operating Expenses 9,947
 Non-operating Income & (Expense) 0
 NCUSIF Stabilization Income N/A
 Provision for Loan/Lease Losses or Total Credit Loss Expense 0
 Cost of Funds 0
 NET INCOME (LOSS) EXCLUDING STABILIZATION EXPENSE & NCUSIF PREMIUM N/A
Net Income (Loss) -2,973
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